Care Ratings Buyback Details: On July 20, 2022, the board of CARE Ratings approved a buyback offer for Rs. 121.95 crore. The business intends to buyback 23.68 lakh shares at a price of Rs. 515 per share, or 7.99% of the total issued and paid-up equity share capital. On the BSE, shares of CARE Ratings closed 2.3% higher at Rs. 468.75.
In Q4 FY22 compared to Q4 FY21, the company’s consolidated net profit decreased by 12.16% to Rs 22.90 crore and its sales by 17.23% to Rs 65.88 crore.
Care Ratings Buyback Date
On July 20, 2022, Care Ratings Buyback 2022 was announced. The Care Ratings Buyback Dates are (To be announced). This buyback will cost around Rs. 121.95 billion. And to accomplish this, a buyback tender offer will be made.
Care Ratings Buyback Price
The Care Ratings Buyback Price is Rs. 515 per share. The Company would perform a buyback using equity totaling 23,68,000 equity shares, which are fully paid up and have a face value of 10 rupees each, at a cost of Rs. 515 per equity.
Care Ratings 2022 Acceptance Ratio
The investor should buy around (To be announced) shares at a current market price of ₹(To be announced) (as of (To be announced)). The calculation will be Rs.2,00,000 / Rs.(To be announced) buyback price = (To be announced) shares.
Care Ratings Buyback Details
|Security Name||CARE Ratings Limited|
|Buyback Type||Tender Offer|
|Offer Opens On||(To be announced)|
|Offer Closes On||(To be announced)|
|Number of Shares||23,68,000 Equity Shares|
|Buyback Offer Amount||Rs 121.95 Crores|
|Listing At||BSE, NSE|
|Buyback Price||Rs. 515 Per Equity Share|
|Face Value||Rs. 10 Per Equity Share|
About Care Ratings Limited Buyback
One of the top credit rating companies in India was founded in 1993 and is called CareEdge Ratings (CARE Ratings Ltd). The business is a leading rating agency for many rating categories, including, among others, corporate, financial, structured finance, insurance, manufacturing, infrastructure, and non-financial services.
Additionally, CARE Ratings Ltd provides Risk solutions, Corporate Governance Rating, Grading Services, Customized Research, and Rating Tracker. Two wholly-owned subsidiaries of CareEdge Ratings (CARE Ratings Ltd.) are CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd.
It is well known that CareEdge is a knowledge-based organisation that offers almost real-time research on all national and international economic trends. On several topics, specialised research and surveys are also conducted. The industry research team continuously monitors and produces sector reports.
CARE Ratings Ltd. is a partner in the multinational credit rating company ARC Ratings on a global scale. Additionally, the organisation has affiliates in Nepal (CareEdge Ratings Nepal) and Mauritius (CareEdge Ratings (Africa) Private Limited (CRAF)). The company has a strategic alliance with Japan Credit Ratings Agency (JCR) and MoU with Russian rating agency ACRA.
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